Pakistan’s Delicate Eid Bangles Go from Furnace to Forearms

 In this picture taken on March 31, 2024, customers buy bangles at a shop in Hyderabad. Layers of intricately decorated bangles are a staple fashion accessory for women in Pakistan, a carefully considered part of their Islamic Eid al-Fitr celebrations. (AFP)
In this picture taken on March 31, 2024, customers buy bangles at a shop in Hyderabad. Layers of intricately decorated bangles are a staple fashion accessory for women in Pakistan, a carefully considered part of their Islamic Eid al-Fitr celebrations. (AFP)
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Pakistan’s Delicate Eid Bangles Go from Furnace to Forearms

 In this picture taken on March 31, 2024, customers buy bangles at a shop in Hyderabad. Layers of intricately decorated bangles are a staple fashion accessory for women in Pakistan, a carefully considered part of their Islamic Eid al-Fitr celebrations. (AFP)
In this picture taken on March 31, 2024, customers buy bangles at a shop in Hyderabad. Layers of intricately decorated bangles are a staple fashion accessory for women in Pakistan, a carefully considered part of their Islamic Eid al-Fitr celebrations. (AFP)

Layers of intricately decorated bangles are a staple fashion accessory for women in Pakistan, a carefully considered part of their Islamic Eid al-Fitr celebrations.

More than a dozen people can be involved in the making of a single bangle, from sweltering factories to the homes of designers who skillfully decorate them by hand.

"Whatever the fashion trends, when we attend any event and wear any outfit it feels incomplete without bangles," said 42-year-old Talat Zahid, who uses beads, stitching and embroidery to embellish bangles.

"Even if you don't wear jewellery but wear bangles or a bracelet with your outfit, the outfit looks complete."

In the lead-up to this week's Eid al-Fitr festivities that mark the end of Ramadan, market stalls are adorned with a glittering array of colorful bangles, each turned over and inspected for their beauty and imperfections by women who haggle for a good price.

They are often sold by the dozen, starting at around 150 rupees (about 50 cents) and rising to 1,000 rupees as stones and silk are added.

Hyderabad is home to the delicate "churi" glass bangle, where a single furnace can produce up to 100 bangles an hour from molten glass wire shaped around an iron rod.

The work is arduous and frustrating -- laborers are exposed to oppressive temperatures in unregulated factories prone to frequent power cuts, while the fragile glass threads can snap easily.

"The work is done without a fan. If we turn on the fan the fire is extinguished. So the heat intensity is high. As it becomes hotter our work slows down," said 24-year-old Sameer, who followed his father into the industry and earns less than the minimum wage of 32,000 rupees ($115) a month.

After the partition of British-ruled India in 1947, migrating Muslims who had produced bangles in the Indian city of Firozabad took their trade to Hyderabad -- where hundreds of thousands of people rely on the industry.

But soaring gas prices after the government slashed subsidies have forced many factories to close or to operate at reduced hours.

"The speed at which the government has increased the gas prices and taxes, (means) the work in this area has started to shrink instead of expand," said 50-year-old factory owner Muhammad Nafees.

Most bangles leave the factory as plain loops, sent off to be embellished to different degrees by women who work from home, before they're finally passed on to traders to be sold in markets.

The production is often a family affair.

Saima Bibi, 25, works from home, carefully adding stones to bangles with the help of her three children when they return from school, while her husband works at the furnaces.

"They go through a lot of hands to be prepared," she said.



Fashion Commission Launches 1st Executive Master’s Program in Riyadh

Fashion Commission Launches 1st Executive Master’s Program in Riyadh
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Fashion Commission Launches 1st Executive Master’s Program in Riyadh

Fashion Commission Launches 1st Executive Master’s Program in Riyadh

The Fashion Commission announced the launch of the first Executive Master’s program to be delivered in Riyadh, developed in collaboration with the world-renowned Institut Français de la Mode (IFM).

The new program marks a significant leap in advancing fashion education and executive training within the Kingdom, according to SPA.

The Executive Master’s in Strategic Management of Fashion & Luxury represents a new milestone in fashion education, taking place in Riyadh for the first time. It is a 15-month hybrid executive master’s degree track designed for high-potential professionals seeking advanced executive training while continuing their careers. Delivered through a blend of in-person modules in Riyadh and Paris, alongside supervised online learning, the program equips participants with strategic, managerial, and analytical expertise tailored to the rapidly evolving fashion and luxury sector.

Designed with market needs in mind, the executive master’s curriculum covers creation and design, brand strategies, sustainability, new consumer behaviors, retail innovation, fashion media, collection management, and future industry perspectives. Participants will also complete a thesis that contributes new knowledge to the regional and global fashion landscape.

The program is taught by IFM’s internationally recognized faculty, experts in fashion history, sustainability, consumer behavior, design, and luxury management, alongside industry leaders from major global houses, fashion federations, media groups, and innovation-driven organizations.

This landmark program builds on the Fashion Commission’s ongoing partnership with IFM since June 2022. Within the first year, the collaboration introduced high-level educational initiatives, including the Advanced Management Program for Luxury Fashion and the Executive Master’s in Luxury Fashion, designed to elevate local talent and strengthen the Kingdom’s creative workforce.

These programs have contributed to developing the skills and knowledge required to support a world-class fashion ecosystem.

The launch of the Executive Master’s marks a pivotal step in establishing Riyadh as an education hub for the fashion and luxury sectors. By bringing a master’s qualification of this caliber directly to the Kingdom, the Fashion Commission reinforces its commitment to enabling professional growth, supporting innovation, and creating globally competitive talent pipelines.


Nike Shares Rise as Apple’s Cook Doubles His Bet on CEO Hill’s Overhaul Effort

A jogger wearing Nike shoes runs along the Charles River in Cambridge, Massachusetts, US, March 18, 2019. (Reuters)
A jogger wearing Nike shoes runs along the Charles River in Cambridge, Massachusetts, US, March 18, 2019. (Reuters)
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Nike Shares Rise as Apple’s Cook Doubles His Bet on CEO Hill’s Overhaul Effort

A jogger wearing Nike shoes runs along the Charles River in Cambridge, Massachusetts, US, March 18, 2019. (Reuters)
A jogger wearing Nike shoes runs along the Charles River in Cambridge, Massachusetts, US, March 18, 2019. (Reuters)

Nike shares rose 5% in early trading on Wednesday after Apple CEO Tim Cook doubled his personal stake in the sportswear maker, raising his bets on the margin-pinching turnaround efforts led by CEO Elliott Hill.

Cook, who has been on Nike's board since 2005, bought 50,000 shares at $58.97 ‌each, according to ‌a regulatory filing. As of December ‌22, ⁠he holds about ‌105,000 shares, which is now worth nearly $6 million.

It was the largest open market stock purchase for a Nike director or executive and possibly the largest in more than a decade, said Jonathan Komp, analyst at Baird Equity Research.

"(We see) Cook's move as a positive signal for the progress under CEO Elliott Hill and Nike's 'Win ⁠Now' actions," Komp said.

The purchase comes days after Nike reported weaker quarterly margins and weak ‌sales in China even as CEO ‍Hill tries to revive demand ‍through fresh marketing plans and innovation focused on running and sports, ‍while phasing out lagging lifestyle brands.

He has also attempted to mend Nike's ties with wholesalers such as Dicks Sporting Goods to increase visibility among shoppers amid stiff competition from newer brands.

However, the strategy has strained Nike's margins, which have been declining for over a year, while its efforts to win back its ⁠premier position in discount-friendly China appears to be faltering.

Nike's shares have slumped nearly 13% since it reported results on December 18 and are on track for the fourth straight year of declines. They were trading at $60.19 on Wednesday.

Cook has been a lead independent director of Nike since 2016 when co-founder Phil Knight stepped down as its chairman.

The Apple CEO "remains extremely close" with Knight, Komp said, adding that he has advised Nike through key strategic decisions including Hill's appointment last year.

Board director and former Intel CEO ‌Robert Swan also bought about 8,700 shares for about $500,000 this week.


Etro Founding Family Exits Group as New Investors Including Türkiye's RAMS Global Join

L Catterton, a private equity firm backed by French luxury giant LVMH, will remain Etro's majority owner. Reuters
L Catterton, a private equity firm backed by French luxury giant LVMH, will remain Etro's majority owner. Reuters
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Etro Founding Family Exits Group as New Investors Including Türkiye's RAMS Global Join

L Catterton, a private equity firm backed by French luxury giant LVMH, will remain Etro's majority owner. Reuters
L Catterton, a private equity firm backed by French luxury giant LVMH, will remain Etro's majority owner. Reuters

The founding family of Italian fashion house Etro has sold the minority stake it still owned in the brand to a group of investors including Turkish group RAMS Global, the company said on Friday.

L Catterton, a private equity firm backed by French luxury giant LVMH, will remain Etro's majority owner and "will continue to actively support the brand's long-term growth strategy," Etro added, according to Reuters.

The new investors comprise also Italian fashion group Swinger International and small private equity firm ⁠RSI.

In addition to buying the stake, they all subscribed to a capital increase that will lower L Catterton's holding in Etro to between 51% and 55% from around 65%.

When including both the acquisition and the capital increase, the deal is worth around 70 ⁠million euros ($82 million), two sources close to the matter said. Etro did not disclose financial details.

Chief Executive Fabrizio Cardinali will remain at the helm, while Faruk Bülbül, representing RAMS Global, will become chairman of the board.

L Catterton bought a 60% stake in the brand known for its paisley motif four years ago, and it slightly increased the holding over the years.

The company, founded by Gimmo Etro in 1968, has ⁠been struggling with its turnaround. Last year it posted a net loss of 23 million euros with net revenues declining to 245 million euros from 261 million euros, according to filings with the local chambers of commerce reviewed by Reuters.

Rothschild advised L Catterton and the Etro family on the deal.

Rothschild had been hired in 2024 to look for a new investor who could buy all or part of the Etro fashion group, sources had previously told Reuters.